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Reguly: The EU’s debt-crisis saviour could be its undoing Add to ...

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In his five years as President of the European Central Bank, Mario Draghi has been Capitano Europe, battling on every front to keep the euro zone intact and inflation alive. Bloodied and exhausted, he can declare a victory, of sorts. No country has left the euro zone, although Greece threatens to do so with tedious regularity, and the deflation threat seems to have vanished.

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